UPDATE, Saturday October 17 @ 6:30AM | Police have now charged five men after major drug raids across the Gold Coast.
Officers seized cocaine, ecstasy and steroids along with firearms and cash after storming properties in Coomera, Helensvale, Robina, Carrara, Bundall and Burleigh on Friday.
Detectives will allege the drugs were destined for Gold Coast nightclubs and Schoolies week.
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The men aged between 21 and 29 are all facing serious drugs charges including trafficking.
All five will front Southport Magistrates Court on Saturday.
EARLIER | Police have smashed a major drug syndicate on the Gold Coast that they allege was set to target Schoolies.
Nine people have been arrested following a six-month investigation as part of Operation Sierra Bancha.
Officers carried out raids this morning at homes in Coomera, Helensvale, Robina, Carrara and Bundall as well as premises in Burleigh.
Drugs including cocaine, ecstasy and steroids were seized along with a substantial amount of cash and firearms.
Police have so far laid 53 charges including eight serious charges of drug trafficking.
Detective Senior Sergeant Mark Procter described the amount of drugs seized as “significant.”
“It will be alleged it’s a criminal network and they are working in conjunction with others to sell, predominately cocaine and predominantly to our nightclubs and to our community,” Detective Senior Sergeant Proctor said.
“The battle against drugs will always be ongoing… but we have certainly made a dint in the syndicate and I have no doubt at all that the drugs that these people are peddling on our youth would have ended up at Schoolies, there’s no doubt in the world.”
Police say investigations are continuing and have not ruled out more arrests.
WATCH: Police smash major Gold Coast drug syndicate